Sixt jumps as Q2 results top expectations
BUZZ-Sixt jumps as Q2 results top expectations ** Shares in Sixt SIXG.DE rise nearly 5% after the German car rental company reported better-than-expected Q2 results and confirmed its FY guidance
** Sixt posted Q2 EBT of €123 million, up from €107.3 million a year earlier and beating analysts' consensus of €115.3 million cited by Jefferies
** Q2 sales grew 9.9% to €1.19 billion, compared with analysts' expectation of €1.16 billion
** "Solid Q2, beating across the board despite the difficult macro," Jefferies says
** The broker sees the company's Q2 report as another supportive print towards rebuilding investor credibility, following a solid start in Q1
** "Given the lack of a more pronounced recovery in the share price in recent months, we expect this print to be taken positively," it adds
** The stock, which has gained 6% YTD including Thursday's session, is among the best performers of Germany's small-cap index .SDAXI
(Reporting by Ozan Ergenay)